Normally. securities loaned and cash or government securities transferred as collateral will be processed, similar to security purchases and sales, through the Depository Trust Company or a Federal Reserve Bank or any other appropriate clearing organization (the "Clearing Organization").
Appears in 3 contracts
Sources: Securities Lending Agreement (Wells Fargo Funds Trust), Securities Lending Agreement (Wells Fargo Variable Trust), Securities Lending Agreement (Wells Fargo Funds Trust)